'Launch of Yuan accounts important to implement FTA'

2 weeks ago

Chinese Ambassador to the Maldives Kong Xinhua states the introduction of Chinese Yuan accounts by Bank of Maldives (BML) serves as a crucial step towards implementing China-Maldives Free Trade Agreement (FTA). In a first, BML introduced Chinese Yuan accounts in the Maldives on Monday, Speaking at the launch event, Ambassador Kong highlighted that the ‘Memorandum of Understanding on a Framework for Cooperation